BTB Real Estate Investment Trust (TSE:BTB.UN) Share Price Crosses Above 50 Day Moving Average of $3.15

BTB Real Estate Investment Trust (TSE:BTB.UN - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$3.15 and traded as high as C$3.25. BTB Real Estate Investment Trust shares last traded at C$3.24, with a volume of 44,241 shares traded.

Analysts Set New Price Targets

Separately, National Bankshares cut their target price on BTB Real Estate Investment Trust from C$3.15 to C$3.05 and set a "sector perform" rating on the stock in a research note on Wednesday, April 24th.

BTB Real Estate Investment Trust Stock Down 0.6 %

The firm has a market capitalization of C$280.75 million, a P/E ratio of 8.05 and a beta of 1.47. The company has a debt-to-equity ratio of 151.18, a current ratio of 0.39 and a quick ratio of 0.17. The firm's 50 day moving average is C$3.15 and its two-hundred day moving average is C$3.03.

Insider Buying and Selling

In related news, Director Sylvie Lachance acquired 9,500 shares of the company's stock in a transaction dated Thursday, April 25th. The shares were bought at an average cost of C$3.17 per share, with a total value of C$30,115.00. 1.61% of the stock is owned by insiders.

BTB Real Estate Investment Trust Company Profile

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern Canada. Today, BTB owns 65 retail, office and industrial properties for a total leasable area to date of 5.2 million square feet. The objectives of BTB are: (i) to grow its revenues from its assets to increase distributable income and therefore fund distributions; (ii) to maximize the value of its assets through dynamic management of its properties in order to sustain the long-term value of its units; and (iii) to generate cash distributions that are fiscally beneficial to unitholders.